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Your daily horoscope: November 25, 2025

  IF TODAY IS YOUR BIRTHDAY A Venus-Mercury link on your birthday will do wonders for your ability to say the right thing and get people working for you. Use that talent sparingly though. Generally speaking it will be better to say too little rather than too much. ARIES (March 21 - April 20): A money-making proposal may look attractive but while Mercury is still moving retrograde it might be smart not to commit yourself. Give it a few days until the weekend and, if the offer is still available then, grab it with both hands. TAURUS (April 21 - May 21): What starts out as a bit of friendly rivalry could develop into a major battle over the next 24 hours, but only if you take the situation too seriously. It really doesn’t matter who wins first prize, the fun is in taking part. GEMINI (May 22 - June 21): It is important that you take time to think through an issue that that has been bothering you before deciding on a course of action. The planets warn if you get it wrong the first time...
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Navigating New Tax Rules: Seeking Balance Between DIY and Professional Help

 

As the tax season unfolds, Canadians find themselves grappling with a conundrum: the interplay of new tax rules, the scarcity of accountants, and the allure of DIY tax preparation. Let’s explore this delicate topic:

The Tax Landscape

  1. Increased Complexity: The tax landscape has evolved, introducing fresh complexities. From adjustments in tax brackets to the expiration of COVID-19 benefits, staying informed is crucial.

  2. DIY Dilemma: Many individuals contemplate handling their taxes independently. The allure lies in cost savings and autonomy. However, it’s essential to recognize the risks.

  3. Accountant Scarcity: Finding a qualified accountant can be akin to searching for a needle in a haystack. The demand often outstrips supply, leaving taxpayers in a bind.

Pros and Cons

DIY Approach

  • Pros:

    • Cost-Effective: DIY tax software and online platforms are budget-friendly.
    • Control: You steer the ship, ensuring accuracy and timeliness.
    • Learning Opportunity: Understanding your finances better.

  • Cons:

    • Complexity: New rules demand expertise. Missteps can lead to penalties.
    • Time-Consuming: Navigating tax forms can be daunting.
    • Risk: Overlooking deductions or credits may cost you.

Professional Assistance

  • Pros:

    • Expertise: Accountants bring knowledge and experience.
    • Tailored Advice: Personalized strategies for your unique situation.
    • Peace of Mind: Knowing your taxes are in capable hands.

  • Cons:

    • Cost: Professional services come at a price.
    • Availability: Booking an accountant can be challenging.

Finding Balance

  1. Assess Complexity: Consider the intricacy of your financial situation. Complexities favor professional assistance.

  2. DIY with Caution: If you choose the DIY route, research thoroughly, use reliable software, and double-check your work.

  3. Accountant Search: Start early. Seek recommendations, explore online directories, and be patient.

There’s no one-size-fits-all answer. Whether you DIY or seek professional help, prioritize accuracy and compliance. 


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